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France: EC approves modification and budget extension of umbrella scheme (COVID-19)

Description

On 20 May 2020, the EU approved an amendment that modifies the scope and enlarges the budget of the umbrella scheme approved in April 2020 (see related state act) from EUR 7 billion (approx. USD 7.7 b...

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Intervention Details

Intervention Type

State loan

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

20 May 2020

Revocation date

20 Dec 2021

Implementation level

National

Affected flow

Inward

Announced as temporary

Yes

Eligible firms

all

Affected Trading Partners

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